LONDON (Reuters) - British sportswear retailer Sports Direct (SPD.L) has acquired the business and assets of House of Fraser [HFPLC.UL] from the department store group’s administrators for 90 million pounds, it said on Friday.

Earlier on Friday, House of Fraser had fallen into administration, a form of creditor protection, after talks with investors and creditors failed to find “a solvent solution” for the business.